Why Polygon Is Losing Pace

Forbes – Markets around the world have been rallying all year. So how did Polygon’s flagship hedge fund manage to lose money?

Polygon Global Opportunities Master Fund delivered a negative 2.92% net return as of June 30, lagging far behind other so-called multi-strategy funds which invest across a broad spectrum of asset types. Relative value and multi-strategy funds have returned 13.08% in the first half of this year, according to Hedge Fund Research, a Chicago-based firm that tracks the performance of these lightly-regulated investment pools.